To develop an iterative deep learning (DL) reconstruction with spatio-coil regularization and multichannel k-space data consistency for accelerated cine imaging. This study proposes a Spatio-Coil Regularized DL (SCR-DL) approach for iterative deep learning reconstruction incorporating multicoil information in data consistency and regularizer. SCR-DL uses shift-invariant convolutional kernels to interpolate missing k-space lines and reconstruct individual coil images, followed by a regularizer that operates simultaneously across spatial and coil dimensions using learned image priors. At 8-fold acceleration, SCR-DL was compared with Generalized Autocalibrating Partially Parallel Acquisition (GRAPPA), sensitivity encoding (SENSE)-based DL and spatio-temporal regularized (STR)-DL reconstruction. In the retrospective undersampled cine, images were quantitatively evaluated using normalized mean square error (NMSE) and structural similarity index measure (SSIM). Additionally, agreement for left-ventricular ejection fraction and left-ventricular mass were assessed using prospectively accelerated cine images at 2-fold and 8-fold accelerations. The SCR-DL algorithm successfully reconstructed highly accelerated cine images. SCR-DL had significant improvements in NMSE (0.03 ± 0.02) and SSIM (91.4% ± 2.7%) compared with GRAPPA (NMSE: 0.09 ± 0.04, SSIM: 69.9% ± 11.1%; p < 0.001), SENSE-DL (NMSE: 0.07 ± 0.04, SSIM: 86.9% ± 3.2%; p < 0.001), and STR-DL (NMSE: 0.04 ± 0.03, SSIM: 90.0% ± 2.5%; p < 0.001) with retrospective undersampled cine. Despite the 3-fold reduction in scan time, there was no difference between left-ventricular ejection fraction (59.8 ± 4.5 vs. 60.8 ± 4.8, p = 0.46) or left-ventricular mass (73.6 ± 19.4 g vs. 73.2 ± 19.7 g, p = 0.95) between R = 2 and R = 8 prospectively accelerated cine images. SCR-DL enabled highly accelerated cardiac cine imaging, significantly reducing breath-hold time. Compared with GRAPPA or SENSE-DL, images reconstructed with SCR-DL showed superior NMSE and SSIM.